Business Intelligence
By Tom Stundza -- Purchasing, 3/13/2008
$80/tonSteel-plate price hike sought
Source: ArcelorMittal
WHAT IT MEANS: The carbon steel plate list price increase for April sought by ArcelorMittal USA has gained momentum with Nucor, Ipsco and Claymont backing a new list price of $940/ton.
$100Spread in zinc treatment costs
Source: London Metal Bulletin
WHAT IT MEANS: Zinc miners and smelters are $100/metric ton apart in talks to fix so-called treatment charges for 2008, as the concentrate that is smelted into metal has moved into surplus for the year.
$5/lbIncrease in spot ferrovanadium price
Source: American Metal Market
WHAT IT MEANS: Ferrovanadium prices in the U.S. have continued to shoot upward to $31/lb because supplies are tight in the wake of the South African power crisis that has cut minerals output.
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